17 April 2024 – With Tata Consultancy Services (TCS) fourth-quarter earnings showing promise, all eyes are now on the results of Infosys, the second-largest software exporter from India. Investors were taken aback by TCS’s 100 basis point quarterly increase in earnings before interest and taxes (EBIT) margin—the highest level in three years.
An expert poll conducted by CNBC-TV18 predicts that the Salil Parekh-led business would see a drop in sales for the second consecutive quarter, with net profit predicted to increase by more than 1% to ₹6,180 crore from ₹6113 crore.
The five items highlighted by CNBC-TV18.com are things to look out for when Infosys releases its fourth quarter results on Thursday, April 18. Investors and analysts will be keenly monitoring Infosys’ projection for the fiscal year 2025, as it sets the tone for the whole year.
Conclusion
Infosys is expected to suggest 3 to 5% growth for FY25 projections, according to analysts at HDFC Securities. The software exporter is anticipated to lead cautiously in FY24 after missing early projections, according to an experts’ survey conducted by CNBC-TV18.
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